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the economy is not healthy enough to reduce the central bank's $85 million a month stimulus. we have a couple of minutes, ali, what is worrying the fed. >> reporter: first you said the stocks went down. i don't think there was a human in america who thought they were going to hear the fed say they were going to stop putting their $85 million a month in the economy. the economy was going okay for a while, but they felt that the budget nonsense in washington, the government shutdown, the ongoing fiscal disputes, they feel they have taken a bite out of the economy, and then they cite a slightly weaker jobs picture. we have the private sector report, a predictor of the government report, 130,000 private sector jobs were added in october. 130,000 is well below the average for the past 12 months. you take a slightly tepid job picture and then the government mucking things around. we'll stay in the business of putting all of this money in the economy and keep interest rates low so people will borrow and spend. >> is it working? >> with all that the fed is doing we don't have a hot cooking economy. i
bonds because the economy is still not strong enough to generate enough jobs without interest rates staying lower than they might otherwise be. the stock market's retreat and the dow gave up 62 points. the s&p dropped 4.9%, and the nasdaq declined .55% and can clearly be laid right at the fed's feet. that's because until the fed releases the down beat statement crafted after the monthly meeting the average is pretty much even keel and after a moment's hesitation. the sellers -- >> sell, sell, sell. >> overwhelm the market and stocks began to plummet. detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the mod us operandi, and i want to game it with me. first, the stock market acts pretty sanguine in the days leading up to the fed meeting largely because we know the economy is too weak to stand up by itself. we know the fed has to continue to buy bonds to keep interest rates low, and they told us that. lower rates allow the companies to buy more aggressively and hopefully from the fed's point of view so they expand operations.
of the country isn't as bad as some people say it is? so what's it mean for the economy and for stocks, we're going to give you the answers in three minutes. >>> and we have the first and only video of the first bombing run of that new f-35 fighter jet. the planes are designed to replace the f-16s as the backbone of american air power. stew is out today. we're joined by kayla tausche. kayla? >> thanks, tyler. we start with a story that impacts anyone who flies. that phrase "please turn off your electronic devices" we hear every single time before takeoff, that may soon be a thing of the past. soon. not quite yet. shares of goinggo up big. they don't give you wi-fi below 10,000 feet which is what this rule changes, but the idea is maybe they will. phil lebeau is in chicago reporting on the faa's new policy. a long time coming, phil, but fun to see that it finally happened. >> you know, kayla, you fly a lot like i do. i think we're both tired of the stare that we get from the flight attendant when we don't turn off our kindle or whatever we might have on at the time. that's going to be chang
and everybody got paid. earnings a mixed bag with enough treats to balance out the tricks and the economy is okay. >> the economy is still growing at roughly 2%. so i think it's fairly resilient. we would have actually been growing faster. >> reporter: all and all a pretty good recipe for stocks in a month that's turned its reputation for being unfriendly to equity investors. there was october 1929 of course, the market fell more than 20% ushering in the great depression. there was 1987. the dow crashed 23% in a day and in 2008, the dow was down 28% for the month despite the index' biggest one-day gain ever, more than 936 points on october 13th. this year, of course, it's different. record highs for the dow up 3%. the s&p 500 up almost 5%. the russell 2,000 nearly 3% higher and nasdaq with a gain of 4% this month is higher than its been in 13 years. investment trick or treat. >> try not to think about the levels because it scars you. >> i'm getting more nervous. i'm fighting the greedy monos. >> reporter: so what happens from here? that naturally is anybody's guess really. season nalty is
dollar that goes in the ground for broadband has a multiplier effect in terms of the local economy. not even necessarily so much in the rural area. the economic boost actually goes to the urban areas. >> surely that could not have been the fcc intent, to slow down broadband buildout. rules't they argue the have eliminated waste in some areas, allowing companies to more efficiently put up broadband? >> i hear where you're coming from, and i think the universal service system is actually a very complicated network. a lot of different rules, regulations, how it applies to different carriers. then you add on the lifeline. there is a lot of moving pieces. i think the thing that was a little difficult that we sometimes do here in washington, we become so academic. we think about it from an academic perspective. there must be a formula. there must be a model. there must be an answer from an ivory tower. i think what would have really helped the fcc would be getting on the ground, seeing how the carriers make decisions, make investments, and what does it mean. i will give the fcc a huge am
they were wrong and apologize? >> my honorable friend is right. the british economy is on the mend. up.aw the numbers going growth rate is forecast to be three times as fast. frankly the leader of the opposition told us we would lose one million jobs. wrong, and it's time he he to his feet and told us was wrong. mr. speaker, having listened to the committee yesterday, can the prime minister tell us what's the difference between his -- can i say to the prime minister his role is to nod his head in the appropriate laces. the -- inappropriate places. can the prime minister tell us that is the difference between his policy on energy and that of the energy companies. >> they got it wrong and cannot bear to admit it. must he heard, and the answers must be heard. however long it takes, people must get used to the fact. there is little competition to down, but what we have learned in the last week is this competition should include switching. he said, i will tell the prime minister, telling people that the answer is to switch our suppliers. but what did we find out over the last few days? he s
that clearly leads to the disappearance of one million jobs. time they admit -- >> the british economy is on the mend. we see unemployment coming down. our growth rate is forecast to be almost three times as fast as german growth. the leader of the opposition told us we would lose one million jobs. and it'solutely wrong, time he got to his feet and told us he was wrong. >> mr. speaker? having listened to select committee hearing yesterday, can the prime minister tell us what's the difference, can the prime minister tell us what's the difference between his -- >> order. can i just say to the prime minister's pps, his role is to nod his head in the appropriate places and to vet and carry notes. no noise required. >> mr. speaker, listen to the select committee hearing yesterday. can the prime minister tell us what is the difference between his policy on energy and that of the energy companies? >> not a word of apology about a predicting a million jobs lost. they bottom it wrong and they can't bear to admit it. >> order. >> the question must be heard and the answers must be heard, however
into getting into their own business because in this economy you have to create your own future, create your own job and your own fortune. what does it costs to get into your franchise got to buy a franchise? what can you expect overtime? >> right now up front 40 and 55 grand, whether they're buying or leasing. that is the up front franchise fee. once they're in it and on their own business and are controlling it you're looking at an average of 100,000 to 150,000 per year. melissa: you are saying that sales are over a million and you'll take, 100,000. >> and the market -- >> 150 if you work the track yourself. there are other people working it, so they're making less money. the first track of 150 because they are working it. melissa: what has been the hardest thing along the way? >> for us, just the growth. it after you go on a shark tank in all the success, so many opportunities. sometimes we get scatterbrained. the worst thing you can do is waste time. after we get on the show we have so many people that wanted to try our food all over the country. we opened up aistribution facility. now w
a job where they have decent insurance, that gets more to the economy side of things, which are not working well either. lou: this president, this administration seems content with the level of unemployment and under. am in this country, much as you know chronic, this is a president, as you go through his agenda, from the day he walked into office, obamacare, is his sig true law. -- signature law, here we are, with a mess that threatened lives, it threatens the economy, because as nancy pelosi said, if you want to read it you have to pass it, and i don't know that many people took her up on either the before or after. we have a pending disaster on our hands, don't we? >> it is right in our hands. you know there is a big difference between organizing a community of like-minded people, than leading a nation. or taking on a business proposal that pertains to 1/6 of the american economy if you never run a business, it is a shame, a disaster for the american people, we're a tough nation, we'll bounce back. but we need proper leadership if we're going to do it i look at one projec
did not want. this matters, obama care affects one- sixths of the u.s. economy. not to mention your own economy. why healthcare.gov is going off line again. >> one of the nation's busiest airports is in the seen. >> it is like a dream. it was not real. it was so intense and not normal to hear that. >> the attack like this tests our resolve and who we are and respond. the line of fire and recovery. >> in moments, the now evidence that the killer may have had a specific target in mind. and a city's response in the face of tragedy becomes a point of national pride for all of us and celebrating boston strong. i am harris faulkner. down again. healthcare.gov that is linking americans to health care exchanges will go off line in a few hours from now. the site will be down for an extended fix. something that the website sorely needs. it is plagued since day one. you can count the number of successful enrollments on hand. and memos from the obama administration show that six people managed to sign up the first day the website went live. the administration is promising a tech surge will fix
. >> our economies are very integrated. one would expect that they'll continue to be integrated. you know, so the idea that we're going to isolate them, i don't really see how that would work in any case. but if that were a goal of policy, if we actually could get to a situation where we did sort of separate the countries, that would not be a pretty picture. so i think we have to look to integrate with them and ideally on better terms than we currently have. >> some people refer to this pacific deal as the "north american free trade agreement on steroids." does that make sense to you? >> well, it does because the north american trade agreement in the end wound up helping corporations and didn't do much for american workers. in fact, there have been economists who've said that nafta produced as much as nearly a million job losses in the u.s. and the whole notion of this agreement is to facilitate the movement of capital and to give capital even more privileges than it has now. so, you know, workers, except for a few who have a seat at the table like the uaw, are basically at the back of th
the importance of the american economy in terms of driving china's economy and other economies in the world. their importance is driving other economies in the region and elsewhere. it is a principle reason why we should invest in here. it is a top priority at a level unlike any before. you're sitting here in the heart of the most open economy in the world. the u.s. is the largest recipient of direct investment. manufacturing was mentioned. we have about 5.6 million total good paying american jobs contribute in close to when chilean dollars to our economy -- $1 trillion to our economy that comes from foreign direct investment. that that is why manufacturing, or energy companies for many of countries are setting up shop here in the united states every day. our trade agreements are built on the premise and shared prosperity, we have deals that go both ways. those create good paying jobs all over the world. they offer american firms unprecedented global access. it also opens our doors and our markets to foreign firms. this is the direction of the world. this is the way the world is going to mo
we look at the housing market and we look at growth and the economy and jobs, there is a direct linkage. i memo said today that we were going to talk about and ask you questions so that we could share and learn more about the recent fha announcement about the mmi f. so something i read them i would like you to answer for me if this is factual in truth because in hearing, i think we have an obligation to the people who are here and to america to speak the facts and the truth and then look at how we dissect that to come to some and resolve. so what i have before me, it says that the federal credit reform act of 1990, or the fc are a, requires that at the end of each fiscal year, and is part statement,ing annual every agency including the fha must have sufficient reserve to cover all anticipated loss. for fha this requirement means must havem f i sufficient reserves to cover the amount that would be needed to meet all expected claims over the next 30 years. tomorrowoses its doors and has no new business to offset those claims, such an bailout.tion is not a would you agree to that s
. at the scale you want to effect the economy one of the revolutions is going to be the transfer from a economist economy. there's a lot of manufacturing in that and we don't have policies on robotics to make those things. so things are much bigger in the maker movement in terms of impacting the economic we're not having consistent policy >> the carbon basis life form i'm concerned. >> you've been replaced by a robot. >> i have a couple of things one is at a simplistic level. there's this rhetoric we need to reforearm the defeat it's a global economy and when you look at the parts and supplies and protection policies that seems like a good idea until you realize you're using parts from all over the accruing world. and the granted program be reapplied into a national program that comploiz the income to smaller companies to give people on-the-job training >> terrific. >> for the next may mayor. i want to give us reductions to what is written here in big letters free wine. this is the after party it's on 25 mission go left on howard and left on first and left on mission 925 mission. free wine.
local economies near the country's major national parks? and following up on that, the questions come from several members of congress that the interior department repaid the states for running the shutdown in '95-'96. why can't you do that now? >> that's what i call a multiple probe, two questions at once. [laughter] so the first question, we mow that national parks generate about $76 million a day in economic activity. every day is not equal. every park's not, you know, generating as much activity at the same time, so we're still tallying the numbers to try and understand that. i do know that for concessionaries people were furloughed, and they did not get paid. people were let go, food spoiled. there's a lot associated with that that can't just be made up with what they would normally make in economic activity. still working on those numbers, we don't know them. what was the second one? >> sorry. repaying the states. >> okay. so it's misinformation. the states in 1995 were not repaid for money they gave. in fact, what happened -- and it was only one state, it was the state of arizo
make end meet and families don't want to give it to the country. economy is growing 7% a year says the government and there is mounting pressure to push both sides to the negotiating table. al jazeera. >> reporter: farmers in madagascar fear their crops may be destroyed by another locust invasion, 70% of the farmers have been devastated leaving 4 million people hungry and tanya page reports. >> reporter: the farmers were helless when a swarm of locust went to the rice patties and they are suffering and the locust ate the food for the bulls and it's too weak to plow and everything has to be done by hand. >> translator: the locust came from the south in a huge swarm and we were surprised and it had a huge cloud and blocked out the sun. >> reporter: at the height of the infestation the swarms affected 70% of madagascar combined with the effect of the annual cyclones this year's harvest is down 21% and the world program and the world culture organization said a third of households are hungry with 10 million more people at risk. the resent swarms first appeared in 2009 and a politic
when "real money" continues. >> the u.s. consume is the engine of growth for the u.s. economy. spending by you and me accounts for more than two-thirds of the economy, and tuesday we got two pieces of data that taken together capture how the government's budget bungling has thrown consumers off crass. first consider retail sales rose almost half a percent in september. before the government shutdown. boosted by gains in electronic retailers and added in--if you add autos into the mix sales fell just a little bit. forget about that and consider before the shutdown the spending picture remained pretty good. that was september before the shutdown. look at what happened to consumer confidence in october. the conference board said that it's index plunged, compared to september that is the weakest reading in six months. it came as consumer confidence was hovering, blame the government shutdown and the debt ceiling debacle. and the americans made more negative references to the federal government's impact on the economy than at any other time in that survey. >>> ceo of hand and stone, which ha
solution on the economy, part of the solution on medicaid and social security. >> you mentioned you are a veteran yourself and you are looking at that component on getting those that served in the military on a pathway. what are you hearing from business leaders, people in the agriculture community and undocumented immigrants living in your california district? >> there has been a lot of uncertainty in california, everything from ag to labour force and high unemployment rates. we need to solve the issues with immigration reform. from an economic standpoint it's a trillion over the next two decades. we were here after the shutdown dealing with 17, 18 trillion of debt. this is something that can help us through that. on a local level we need to make sure we address immigration from an employment stand point. we have kids at school, into our colleges. we need a pathway for citizenship not only for the dreamers, but that we have gainful employment. >> what are the chances of your bill getting to the floor. we saw the hassett rule or guideline broken during the debt-ceiling debate. this
boost to the economy. >> for every dollar that is spent through food stamps, you generate an additional $0.75 in the rest of the economy. of all of the things that lawmakers could do to help support the economy in a tough economic time, one like now, nothing is more has a bigger bang for the buck than does food stamps. >> reporter: united states secretary of agriculture said the cuts effect more than just program recipients. >> since farmers receive $0.15 of every dollar that goes through a grocery store it is also about farm income. >> reporter: grocery stores, and even the trucking industry could be hurt by program cuts. food retailers collected nearly $75 billion in food stamp payments last year. and wal-mart estimates it rakes in around 18% or $14 billion of total food stamp spending. >> putting food on the table is a big business. it's very important to our economy. a lot of jobs are tied right into that simple thing, getting food orn the table. >> reporter: the end of the stimulus plan's extension means it will drop $10 per person per month. if the house bill becomes law the congr
and forth ambassador when you look at a scale what's the population of shin shin how their economy can we really afford. it's so easy to think based on bus routes in our daily lives how do we act more like a region >> i think it's an abject you failure if we look like shrink shrink. i'm completely with chris, you know, it should be this bay area in our office we're working with people in washington and and new york it's already beyond the bay area. more than half of my employees commute from the east bay or south bay or north bay pr sadly to the point you should higher folks from the pointed of living in the city i have 35 people who was born in the city and county of san francisco that lives near. i understand your requester honestly the cheatness and availability of conference and tools like a hub make it easier to get a job it's not demographics. the reason you have hiring here is because it's san francisco but it's not going to be a good place for back manufacturing >> how many people in this room were born in san francisco. all right. 4 human resources how many people went to col
'll see good deals this holiday season but that may not be enough of a good deal for the broader economy. today on twitter and facebook we've been asking you will you spend more or less this holiday season versus last year? jesse said plan to spend half of what we spent last year. didn't budget last year. this year we set the budget in january. anand another sweet, i'm spendig more this year because i finally graduated from college. contact us or leave us a comment at facebook. >>> sales soared in a toy study called kit and caboodle. the reason why has to do with a blockbuster item called the rainbow loom. customers online and in the store will get a 20% discount there is a lot on the line because november and december usually account for 60% of annual sales. joining us now is owner jeannine dobbs. i'm holding two things in my hands, which i think are bracelets. they're from somebody on the staff, and they were made on this loom that you were telling me about. do you happen to have this? ic oh, you have one on your hand. >> i do. is this what we're talking about now? >> is this the hot t
through the angel funding and start of box. that's an amazing contribution to the economy of san francisco. so start ups are starting to change. doug and i are going to make you guys be as successful as you can and have free food all right. >> everyone. thank you. my name is carl i'm the president of the silicon leadership groufrp we're happy you joined us for a town hall with mayor ed lee with the obama administration on the action on immigration founded here just a few blocks away. that what matters is we have a mare that understands the issues a nearest and dear it to us and that's immigration reform. since it's inception we've gotten over 20 visas alone and the feeling is we have a shortage on green talent when we need to go through the steps we need to go through and for the tech community we're focused on opening up our technical school to the global community. we're in a talent war along with a state war on services gov. and anything we can help to create change here means so much to us. we have the mayor who can creative impact so we stand behind mayor ed lee and we're thrilled he
economy and population is growing rapidly. so is the amount of trash and that's creating a problem. this is the only disposal site in the city. 1,500 tons of garbage is dumped at the site every day. at this rate, the site will be full in a few years. as the city searches for ways to handle all of the trash, a waste recycling company from kitakyushu city in western japan has started operating here in march. workers efficiently sort recyclable waste. like plastic and metal and items for composting. as a result the amount of garbage dumped has dropped by 50%. new jobs have been created as well. this man is a sales representative for the recycling company. he says the indonesian waste and recycling market offers great business opportunities. >> reporter: all waste used to be buried at the site. in japan, a lot of it would have been recycled. now the recycling gets done and locals earn money. there are many business opportunities here. >> reporter: the kitakyushu city government also supports the company's expansion into surabaya. for ten years the japanese city has also advised surabay
on the othetallorder. the obamacare economy, that is where you have to look to see where are obama's numbers come november 2014, right now they are in low 40s, for the house to flip, i think he has to get over 50, as far as democrats, if he is in low 40s or dips to mid to high 30s, then republicans will be feeling very good. about winning back the senate in 2014. neil: all right, to be continued. folks thank you very much. >> thank you, neil. neil: i know we just got over one debacle, but we're 79 days away from another one, the last shut down is supposedly killing the economy. is that over stating it? why. that used as a reason for not really addressing spending? we're spent. this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. this is the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase,
quarter gdp marks the first time the economy has grown for a while. >>> all right. the fed wraps up its two-day meeting this afternoon. central banks announced last month that it wouldn't start tapering purchases just yet. the move comes amid concerns about the budget fight in washington. senator paul wants to hold up janet yellen's nomination. he also wants a bill on transparency. very good morning to you. we're seeing ten-year treasury fall down to around this 2.5% level where we stand at the moment. expectations now for tapering starting in march next year. will yields stay where they were? is there any chance of them going low? >> i think if it becomes apparent tapering won't commence until march, treasury yields could fall a bit further, maybe as low as 2.25%. but with that threat of tapering in the background, it's unlikely they'll fall back to the previous lows we saw in the in the middle of the la year. >> what is the chance that there may be some minutes out saying, look, there is still an argument for a december move? is there any price of that in the market? if there was, wha
found in earlier ones in threats to the economy and many saw this as a sign the fed thinks the economy is strengthening and might end qe sooner rather than later. larry, back to you. >> mary, why do you know more about this than i do? so facebook reports pretty good earnings and the stock jumps up big, but then the stock goes back down. is that just thin trading after hours or what? >> i think some people maybe were disappointed that the earnings weren't stronger than expected at that point. as you said, they both beat on the revenue as well as the earnings side, but there seemed to be some disappointment after hours and people were looking back and saying it wasn't the blockbuster report they were expecting. >> mary thompson, thanks very, very much. now let's talk to andrew bush, author and publisher of the bush update. peter schiff joins us, the ceo of euro pacific capital. you know, i understand that they moved some things from the -- from the statement today, but i just have a totally -- i'm going to you, peter. i read "the new york times" sunday with this big story about the fed s
today was basically they said we thought the government shutdown would hit the economy a lot harder than it looks like it has. the stock market is not only going to new all-time highs, 80 pieces we have 130,000 jobs. in october during the shutdown, private sector jobs were created. initial claims went up, but they didn't go up all that much. the feds every thought it it would get it a lot harder than it did. it doesn't look like it was, so we can't take tapering off the table. so i still believe the fed wants to taper before ben bernanke is gone. whether they get a chance to do that, i am not sure. but i think he to start it so that he can always say that he did. he put his foot on the gas, and he took it off. he doesn't want to go away with his foot on the gas the whole time as fed chairman. liz: he began it, he wants to end it. tell us what you thought of the treasury relations. a lot of people own treasuries, a lot of people are watching right now. we watched the yields start to move from 2.48 to about 2.51. we saw the price of treasuries come down. what does this say about the overal
the collapsing economy of india, which compelled him to write a letter to the prime minister and the governor of the reserve bank of india about the hidden treasure. >> and a startling revelation, angry citizens exposed that militants had taken refuge in the region, not only promoting violence but also involved in raids. what is shocking is the fact that these militants are protected by government. >> people of pakistan-occupied kashmir are enraged over the growing terrorist activities in the region, bearing the brunt of terrorism for decades. the common man here has finally decided to take the authorities had on. agitators claim that militants who ran away from various prisons of pakistan have been taking refuge here and are responsible for the growing specter of militancy. what is more shocking is that the state is hosting the militants. in startling revelations, locals say that not only pakistan-based but foreign militants are also taking asylum in pakistan- occupied kashmir. there are fears that al qaeda and taliban militants have set up training camps here. with just a few months before
of americans hungry, and potentially do some serious damage to our economy. economists have found out that, and projected that every dollar of s.n.a.p. spending generates $1.70 in the local economy and the economic activity in america. this will hurt the revenue of 250,000 grocery stores and supermarkets across the country that accept s.n.a.p. payments. it's a domino effect. once again, house republicans don't care about small businessowners, either. there's a lot of small grocers out there that certainly work with the food stamp program. and you know what? this is a scandal. no, it's not the irs. it's not benghazi. and it's not people losing their health care with these notices that are coming in. this is the scandal. this is the most kicking the least right in the teeth for no reason at all other than unmitigated greed. go back to ted kennedy on the senate floor in 2007. when does the greed stop? i'll answer you tonight. never. they are concerned. these people of faith are concerned about people who make less than $15,000 a year. they're the problem. they're able bodied, they're fat, sit
at the problem with our economy, right now. we have a articlefitial economy -- artificial economy it is important to get to the bottom of what is happening with the federal reserve. we cannot continue to print money to buy up our own debt. our government spending 25% of our gross domestic products. neil: here is where i disagree with you, i think, they are apples and oranges, janet gel en yellen is going to be running the federal reserve. but, that is nothing to do with benghazi. i think that it hurts republicans to use her nomination hearings as leverage to get answers on something else. you are right to be frustrated by the lack of response you are getting from the white house on benghazi. i don't believe that the yellen confirmation hearings are the venue. >> but neil, what is going to work with this administration, we have a president that lied to the american lead, even after he knew it was a terrorist attack. neil: fine, fine, you might agree with the route that the ted cruz and others took to shut down the government, and bridge to us the debt ceiling brink as many democrats argue. but do
scare -- reform, in health care speech in texas, and talking about the economy on friday. in case anyone thought we were falling for that pivot thing, issue is, and remains obamacare. and the administration's ina bum to manage it or seemingly much of anything else, the know-nothing administration claims ignorance on the technology problems. your doctor too. obamacare joining a long list of administration scandals that are far from phony, of which president claims no awareness from "fast and furious," to 200 dead mexican citizens and one border patrol age brian terry to 4 dead americans in benghazi, to irs targets of conservatives, nsa spying justice department of journalists, now more than a month after its launch, obamacare train wreck has torn asunder the administration's diminishing credibility, fox news chief white house correspondent ed henry with the report. >> reporter: another week kicks off with new questions about the white house's credibility about the botched roll out of probe's healthy care law, as a former tom aid acknowledged there was a disagreement in the white house ove
in america. it speaks to my top priority as president, growing our economy, creating good jobs, strengthening security and opportunity for the middle class. over the past three and a half years, our businesses have created over 7.5 million new jobs. this week, the treasury confirmed that since i took office we have cut our deficit by more than half. but we have more work to do. we need to grow and create more good jobs faster. that is my driving focus, and i will go anywhere and do anything to make it happen. that has to be washington's driving focus as well. i know what you often hear out of washington can sadly charley brown's teacher, a jumble of unfocused noise out of touch with the things you care about. today i want to cut through that noise and talk plainly about what we should do right now to keep growing this economy and creating new jobs. it begins by ending what has done more than anything else to undermine our economy over the past few years, the constant cycle of manufactured crises and self-inflicted wounds. i was glad to hear the republican leaders in the senate say they will n
down, hitting the entire economy. second, robust home sales with increase demand in the larger economy. housing has these tent identicals that go far beyond housing, carpentry, lumber, furnishings, pickup truck sales to contractors. moving in a new home comes with additional spend on the ground home improvement, big tickest purchases, furniture, applieses. housing over the last year has helped to boost sales at building and garden reply. by 7.6%. that's just an example. most homes told in this country are used homes, exit are homes as we call them. a small percentages of new homes, new home construction creates a lot of jobs, in september we saw 20,000 construction jobs add today the economy in an otherwise disappointing employment report. a drop in pending home sales could reverse the gauges. of the 9 million jobs lost in the last reception, more than a million of them were in-housing and scan instruction alone. so whether or not you are about to buy or sale a home right now. coming slow down in america's housing market should concern you. but right now, by the way, you have enough to
discussing what it's going to do about this economy. for now the fed plans to stay the course continue pumping $85 billion a month into the financial system and that has the affect of keeping interest rates down. the fed says it's too early to taper that stimulus in part because the government shutdown set us back a bit but they still cite a week jobs picture. >>> 10,000 private sector jobs were added in october. that's not the monthly government jobs report. we'll get one of those on november 8th. this is from the payroll firm adp but it's generally seen as a predictor of what the government number will say especially since the vast majority of jobs created these days are in in fact, in the private sector. 130,000 is well below the average for the last 12 months. how does this connect back to the fed? lower interest rates were meant to encourage lending making money cheap to borrow. that's supposed to help firms expand and increase their hiring, make people spend more but companies aren't doing that at the speed that the fed would go like. and low interest rates do come with one poten
expectations that the korean economy is on the path to gradual recovery. korea's rising exports will boost domestic demand and the number of jobs which will contribute to the train economy's recovery in the fourth quarter the central bank said last week that any economy grew three point three percent in the third quarter of this year from a year earlier the fastest pace of expansion in nearly two years. despite the rosy outlook retreat ministry cited in the west. i could stand offs and the fence and tapering of its bomb buying stimulus program has major uncertainties that could have a negative impact on the nation's exports. did you use. sale as economic news korea's consumer prices grew at their slowest pace in fourteen years in october saying his ear percent range for a second straight month statistics korea said friday that the nation's inflation rate edged up just zero point seven percent last month from the same period a year earlier slowing from a zero point eight percent gain in september. the figure marks the slowest yearly growth since july nineteen ninety nine when consumer price
care market, 1/6 of our economy, we will have nowhere else to go. >> we have the government fails, they'll just get more money to fail even more. and you know, getting back to rick's point about, he's talking about catastrophic needs for health care. >> exactly. >> that's what the market can fix very easily in terms of cancer and heart disease. we could buy catastrophic insurance very easily and very inexpensive precisely because it's far more rare. you've got to let the markets in. what rick is doing and it's very naive is going to remove that market force from -- and it's going to make it very more expensive and very more difficult for people to get it when they most need it. >> rick? >> let me tell you what's naive, john. i can respond to each one of your arguments if i had the time by our friend david here told us about his knee surgery and how you can go about shopping for them online. you tell me, david, look me in the camera there and tell me you would have picked your knee surgeon based on price. you wouldn't have. you would not have priced. you would have shopped for the best.
right now. last week's data pointed to a slowing down of the economy and this week since we don't have a lot of data one of the most important things of course will be the jobs number but on monday were going to have factory orders and this actually shows how the economy could be performing into the future so people might want to take a look at that, and if people are ordering more durable goods say refrigerators and stoves for their houses that means people are spending more money which increases our economic growth. so it's very hard to determine what people should be watching without a lot of reports coming out this week. but i would say really watch for those factory orders because it gives us a picture into the future. > > what about going long this market? what sectors or industries which to invest in right now or consider? > > it's so strange because with the economic data last week, the s&p made new highs and everyone was kind of sitting there saying i wonder why this would be were waiting for the fed to come out talk about tapering still. we're waiting to see if they're going
by two thousand fourteen. janet and justin ski the polish minister of economy said a meeting of the cars and published in a governmental commission on economic cooperation. be sure that cause extend joining the wto will create favorable conditions for the increasing trade volume in investments last year trade volume between poland has extended reach two point one billion us dollars. the two countries but for the belt cooperation mechanic went in during our industry defence and mining industries as well as transport and logistics because a delegation presented the programme of preparation for expo two thousand seventeen during the meeting. the line extending trade turnover in investments was signed at the end of the meeting the parties also expressed a willingness to sign in a governmental or even on cooperation in the field of education standardization in veterinary medicine. expo two thousand seventeen is proof of the fact that colin treats context and as a leading country. i want to remind you that context and was elected as one of my priority countries poland expo two thousand sevente
in a new economy whose major product is intellectual property? monopolies -who's in control? with the help of our economic analyst richard gill, we'll find out on this edition of "economics usa." i'm david schoumacher. we like to think of our economy as one that runs on competition. for instance, we can choose the brand ofasoline weuy. if one station sets its prices too high, thene can simply go across thet if one station for a lower price.o high, if enough drivers pass the high-price station by, sooner or later it goes out of business. of course, if in order to attract business a station sets its prices too low and can't cover costs, sooner or later it'll go out of business, too. but what happens to prices if one company, or one person, controls all the gas stations? that was what the country faced in 1890. the company was standard oil -- the man was john d. rockefeller. this was the infant oil industry john d. rockefeller saw after the civil war. drilling equipment was hand- and foot-operated in those days and available cheap. anybodcould join the o rh, and anybody did. with thousands o
to the fundamentals. is the economy working? are jobs being created? and the answer is no. and people are still angry about that. but where all of these issues get tied together is i think that most wonderful question is the federal government part of the problem or part of the solution? people are looking at washington, and they're seeing a government shutdown. a problem for the economy, drags consumer confidence down, slows the economy. government created the problem, right? health care website. who created that problem? n.s.a.'s spying. who created that problem? so these are all problems that the federal government seems to be creating and not solving. and that is what's pulling everybody down. >> doyle, if we could rewind you a bit here. you said the lesson here is that if the government shuts down, everybody's numbers go down. we have the possibility of this happening again in the next couple of months. did they learn this lesson? do these poll numbers make any difference? >> i think -- certainly the leadership of congress and -- let's be precise. it's the house republicans we're talking about.
. it is that kind of openness that drives american economy and foreign economies and moves all of us forward at the same time. needless to say, we have our own interest here. it is no secret that our president's number one by yorty -- priority is creating strong middle class jobs here at home. he also knows that the best way to do that is to strengthen our international ties and foster broad growth around the world. we know that demoting inclusive inclusive growth and strengthening the rule of law and other countries also helps us to create new markets for our businesses and jobs for workers. when we help other nations to develop their own ability to govern and meet the aspirations of the booming population, we foster stable societies and everybody here knows stability is pretty important with respect to investment decisions and prognosis. we do what we do because we have always known that we are all in this together. we are all connected in this. that is another reason why the united states the believe is the best place to invest. no other country where you can be confident that your invest
gdp compared to other advanced economies. our code is also full of special interest tax breaks and loopholes while hurting others that are investing in the united states. we can do better. and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs
about your health at 23andme.com . >>> as the government shutdown risking pulling the entire economy down, to read the front page of u.s.a. today, the hanover is all here, but jim isn't buying it. the argument is something like this. the debt 26 to 28 billion-dollar to the company, reverberates, stops the yuletide sales, stops us in our tracks. you don't necessarily agree. >> neil, who are they trying to kid? we have seen several months in a row of lousy, barely there jobs numbers there and parttime jobs instead of fulltime jobs. retail sales have been slipping for several months. we have had property, plant and equipment investment disappear over the last two years, even the housing market, the bright spot of the recovery, has been coming off for the last several months. now, several mocks into the slow down, they want us to believe a two-week shutdown because a difference functional washington is going to disrupt the consumer christmas season? it's already been disrupted by bad behavior on the fiscal side, and if you don't believe me, ask the federal reserve word, they're printing
by goldman sachs ceo lloyd blankfein. we'll talk economy, banking reform, regulations and companies he sees breaking new ground, including twitter. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big
-term solution to our deficits that is balanced and restores certainty to our economy. what we do not need is more gimmicks and partisan games. like we will have today, frankly. we are going to have a vote on the resolution, which is disapproving of the raising of the debt limit. everybody knows that's not a real vote, and almost everybody on this floor knows that if we pursued that policy it would be damaging to america, to the military that was just brought up, and to our nation and every republican leader has said that not increasing the debt limit is an alternative that ought to be pursued. yet, we have this vote. that resolution has already been rejected by the senate and stands no chance of surviving a presidential veto. it is, frankly, simply political cover and a waste of our time. keys to any budget solution, mr. speaker, must be compromise and a seriousness of purpose. americans want to see that seriousness, and they want to see much, much, much less of the political gamesmanship. some of which we'll practice today, unfortunately. republicans and democrats, i believe, in looking
.1%. >> yes. i don't think the euro's strength is every about european economy. it's more about the european similarity with japan. it's five times as big as chinas or japan's. . that's the driver. interest rates and market rates, yes, it's traded 120, 140 for a lot of the last few years. we're at the top end of that rate. >> is there a prospect that we've got -- i've seen this coming up, this q eternity. are we in the land of q eternity? >> it's a fear for a lot of people in the sense that the first attempt at unwinding any qe at all -- >> backed off. >> this is kind of, i don't know, the justification for never giving up, whether it's cigarettes, coffee, or alcohol or whatever it is people don't give up. i'm addicted to this and i'm going to have to keep on going. i think that would be a huge mistake. i think they should have tapered in september. maybe they knew what was going to happen to the politics. they should taper as soon as it's safe, but the only reason for q eternity is if the u.s. economy and the world economy is doomed to a horrible future. i refuse to give into that thought.
, the business of mba. real estate finance, it relies upon our borrowers and the state of the general economy. we live by the business cycle and some companies have died by it. it is the reality of the world we live in. the businesses that survive are nimble enough. mba must be able to do the same. ourl rely on the success of members and must prepare the best we can for the inevitable downside. us, mba has seen its challenges in recent years. through the strong leadership of my predecessors and particular through the strong leadership of my predecessors, and, in ceo,cular, the former nba nbi state -- and the a stabilized. nbi is on the upward trajectory. i want to help accelerate that growth. i want to see nba posses of effectiveness, on display every day in washington dc, spread throughout the country. to the d.c. audience, we are to.ed donovan, richard, ed demarco, elizabeth warren, just to name a few. we have achieved a seat at the table and work hard every day to approve our image. however, the public at large remains skeptical. outside the d.c. elway, we still have much more to do. we must i
, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's not for colds, it's not for pain, it's just for sleep. because sleep is a beautiful thing™. zzzquil. the non-habit forming sleep-aid from the makers of nyquil®. ♪ gerri: twitter' ipo could raise more than $2 billion in regular filing. raising plans to sell shares from between assistant to $20 each, planning tning to 70 mills shares. twitter is plans to list the stock under ticker, twtr on new york stock exchange. starting as soon as thursday. >> and we have a panel here to answer question about some. managed mutual funds falling out of favor, calpers switching from managed funds to passive etfs, so far they love it. with us now, steve crowley, scott martin, and jamie cox. steve, what do you tell your kleins t
they want us to do all we can to protect the economy and support american jobs, not threaten them. this week i introduced h.r. 33 this yvette rans work veteransty -- 3327 the work opportunity act that aim to get more veterans and unemployed americans back to work by offering tax credits to businesses who will here them. ms. kelly: next week i'll be meeting with small business owners and manufacturers as part of my second congressional district economic development tour. here we'll discuss what congress can do to support our communities and grow american jobs. the family businesses i represent in kankakee and the manufacturers i represent in chicago both say the same thing. business as usual in washington doesn't help business back home. i couldn't agree more. i urge my colleagues to co-sponsor h.r. 3327 and h.r. 3328 and work civilly to get our economy back on track. thank you. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from oklahoma seek recognition? >> i ask unanimous consent to speak for one minute and revise and extend my remarks. the
for more stimulus from the fed, a read on the economy will come tomorrow. the s&p 500 got in the game, hitting a new high today, it's been doing that nearly every day, it seems. finally the nasdaq nearing a 13-year high, larry the dow transports and russell 2,000 hits new high, we will do that to the market. back to you. >> there may be more of that easy money on the way, kayla, thanks, so much. now, obama care is taking center stage on capitol hill today the administrator of medicare and medicaid services testified before the house committee on ways an means. for that, we turn to political reporter and cnbc robert costa of the national review. he joins us live from washington. as always, goef, robert. robert, give me a read, all right, i have spoken to chairman fred upton who will be on in a moment. in your political read, what do they want out of sebelius, will they all call for her to be fired? are they going to jump on her? how is this going to work? >> the republicans will grill the secretary on the rollingout of healthcare.gov the central portal for obama care. what they're real
, the spectrum is a taxpayer-owned resource. and we believe it benefits the economy, benefits society as a whole if you have access to that resource in a way that is to the benefit of the consumer. >> recently, at&t agreed to voluntarily work towards interoperability in the 700 megahertz spectrum band which would allow your members' customers to roam on at&t's network and also allow your members to begin building out their lte device portfolio, the if you will. >> guest: right. >> tell us about how this will, how in this will affect your members going forward. is this a good solution at this point in. >> guest: i think it's a very positive solution. i might quibble with you a little on voluntarily made the decision to move forward. i tell you, a lot of credit goes to chairwoman clyburn. i mean, had she not said that there's going to be a solution one way or the other and literally rolled up here sleeves, got in the middle of it, really a display of leadership to find a solution that was business-based solution that would allow these smaller carriers to unleash the spectrum that they had already
for this country. if it was not for the minds and miners we would not have the economy or the country we have. we would not be the best economy in the world. they give us dependable and affordable energy. the thing i have a hard time here in washington fighting and , making people understand that coal is still part of the mix. the largest part of our energy mix. do not make it more difficult. help me find the technology that would continue to clean up the environment. would've done more in the last two decades than ever before in the history. we can even do more. we like to think we have a partner. in west virginia, our government is working against us. i think they are, too. i am trying to get every door open that i can work with. i'm not going to sit back and not to let them know what we do and how hard we do and how much energy we provide for this country. and some the best coal in the world comes from west virginia. we do not mind heavy lifting. we will do the heavy lifting. we would like for somebody to recognize and appreciate. >> based on all of that, you're been washington for a couple of
that will, quote, stabilize the economy, that undermines our ability. now, i hope that at some point we with will get over this. that definitely makes it more difficult. but, again, it's too important a problem to walk away from. >> good. all the way over here. >> congressman, bear mcconnell, mostly retired. what about domestic use of drones? dod's quite constrained, cbp not so much. what are your thoughts? >> yeah. it's a difficult issue, i will sidestep it slightly by saying that's not my, that's not the topic this morning. [laughter] i'm more focused on the aumf. it's a huge problem, and, you know, we've had that issue. it's not just drone, it's cameras. cameras are proliferating. we have a major controversy in the city of seattle right now that they wanted to put cameras up in the port of seattle. .. >> let's see. how about right in the back. >> thank you. i am a u.s. army colonel retired, and used to teach counterinsurgency working for the interstate traveler helping in michigan now. anyway, i have to say i think it's the most brilliant, lucid, objective description that i've heard
important thing this committee can do to help grow our economy. and doing it on a timeline that allows the appropriation committee to deliver a result without shutting down the government or putting it at any risk is about the best thing we can do. i will agree we can't simply grow our way out of our problem. we have to address the driver of our debt and deficit. we have to don't reduce our deficits which we've cut in half over the last four years. if we don't, interest intense is a very real threat for crowding out both public and private investment in education r&d and infrastructure. over the last three years we've made real strides in reducing our deficit. we saved more than $12.5 billion. that's been unbalanced. about 70% has been from spending cut. 30% from revenue. we need to do more but we have do it, i believe, in a balanced way. we've heard from senators about the need to modernize the tax code and move toward real tax reform. while the committee can't get it done. we can move in that direction in a substantial way. making a modest cut of only 5% of the trillion dollars a yea
in the company's consumer line business. the ceo was on the closing bell yesterday talking about the economy and the broader business environment. >> it was lacking is enough confidence to take risk toes create jobs. i think that's the big issue here. but people are maximizing what they have. they're not doing a lot of new things. so for aig, we continue to grow. we continue to grow across the board, both in the united states and around the world. but it's a matter of our clients are a little bit more cautious. but i don't know that this quarter or next quarter that you'll see any effect on our business materially. >> and stores products retailer container store, they raised $225 million. the ipo was priced at $18 a share, the top end of its increased price range. stairs are set to start trading on the new york stock exchange today under the symbol tcs. >>> microsoft co-founder paul allen's fund is suggesting microsoft spin off its consumer business. this is big news. the man who manages allen's fortune is now suggesting that microsoft search and xbox business res deextracting from the softw
is a competitive market and the concern is if this economy plateaus or doesn't continue growing at the clip it's been growing at, will they have to put more money to goose the sales? >> all right. we'll keep watching. phil, thanks so much. >>> well, it is a new month and on wall street, day one was a good one for stocks. the markets got a big boost from a surprisingly strong read on u.s. manufacturing in october. it rose at the fastest pace in 2.5 years. all major averages avoiding a third consecutive day of loses with stocks rising into the close, the dow up nearly 70 points, nasdaq added two, the s&p 500 was up five. rates on the ten-year treasury note rose steadily all session long closing up at 2.6%. >>> time for the central bank to phaseout the stimulus program. charles plauser said the feds should have begun tapering back at its meeting earlier this week. >> i thought we kind of missed an opportunity to make a small gesture to signal the fact this is a dial we can promove and adt it and fine tune it, if you will. >> he suggested setting a maximum dollar amount instead of sticking to the
, which have grown with the economy and rewritten the rules of competition. what are the economic and legal rules these companies live by? what has big business done for and to the consumer? "whatever happened to price competition?" with the help of economic analyst richard gill, we'll examine these questions on this edition of "economics u$a." i'm david schoumacher. there's no business bigger than the auto business. if you've shopped for a car recently, this is a familiar sight. it looks like real competition, a variety of products at a variety of prices. but is what you see what you get? it was when you bought one of henry ford's model ts. henry ford didn't invent the car, and he didn't invent the assembly line, but he brought the two together and gave america its first mass-produced and mass-purchased car. ford was an inventor and mechanic by trade, and no effort was spared to improve the car and to improve the process by which it was built. the tin lizzie looked like the same car year after year, but ford's mechanical genius made it run better each year than the year before. h
the is the sea. a sign that china's economy is stabilizing. official numbers show fact written to the china grows at its fastest pace in eighteen months. and china's largest online marketplace and bought a home debuts on the nyse. in the cloud of uncertainty over time since listing in the last. and the grim picture for the job is to your continuous unemployment yours and remains at high in september. welcome to is a shadow cctv news on baby duty in baking which tata was time as pmi data. china's official day of activity in the spanish section sector for the month of october is out numbers from the national bureau of statistics show that october's my midsection pmi came in at fifty one point full growing at its size toothpaste in eighteen months. don't leave any signs of drivers of the class. nick stevens he joked i have some effect expected to grow at the spa. in eighteen months official figures clock in the country the official pm by fifty one point four fold over higher than the fifty ne and two were expected by the market. a number above fifty indicates expansion and they sa
this government, and threatened the economy of the united states. causing us more than $24 billion. this remind me of another period of our history. not so long ago. during the '50s many southern senators signed a southern manifesto after the supreme court decision of 1954. and those senators, along with many southern governors, subscribed to the doctrine of interposition and notification. and some even massive resistance. that's what we saw on the part of the republican members of the house and some of the republicans in the senate. the affordable care act is working. it is helping to make health care affordable and accessible to hundreds and thousands and millions of our citizens, who have never had health care before. when i was growing up in rural alabama, we couldn't afford to see a doctor. not only alabama but kentucky and georgia and all across the deep south can see a doctor. we must do what is right what is fair and what is just. now madam administrator i have a truck here this morning and i want to use my remaining time for you to explain to the members of the committee the success and t
right now. we are undermining our own efforts to grow the economy and hopefully we don't have to wait to have those conversations. >> okay. berry, did you want to say something? >> supervisor really hit on it fairly quickly as well. that is i was just going to ask chief sur if there is anything that our industry can do to expedited the staffing and the resources that might be needed to help in light of the economic study that has been done. we can show that entertainment and nightlife is a great part of our economy. how can we show that? >> given the money that is available in the city budget and a lot of cuts are now asking for things back, for me to ask for more would get me just as much ill will from other communities that would be an expense. we are hiring three classes a year for the next year starting last year. there was a more aggressive plan that was 54322 or i don't remember exactly, but it was each academy class is about $4 million addition to the police department budget. so it's a lot of money. >> mr. rene? >> before we leave today i would like to say something to rich va
is education, economic and work force of the element, stimulating the local economy. we have the third street merchant corridor and an opportunity to revitalize what i consider to be the main artery of the bayview district, of the southeast quarter. third street is a pretty long streak. from at&t park, it goes all the way to candlestick park. there is a lot of opportunity. don't squander that. we wanted to be a healthy mix that reflects the cultural history of the southeast part of the city. >> what are your thoughts on how the city can deal with the budget issue? >> we are in a very difficult time financially as a country, as a state, as a county. we have a multimillion-dollar deficit. what i see is we have competing priorities. >> ok. >> there's a whole host of non- profit and service organizations that provide a service and a social safety net for people. if people are not able -- they're not making money to get on calworks, or they get on aid, we cut that aid, that has an adverse affect on a population that needs it. i would like to see the city continued to move in a direction where we a
in today's economy. so tell me how bad they had if in the authorizes o 30s pr that's the old bridge and the new bridge. we're in oakland and it's fitting and a proper the first elected official is the chief of oakland. jean acquainting is one of my bosses so i'm sure her remarks will be excellent (clapping) >> and so welcome to oakland. (clapping). >> you know when i became mayor, i said oakland is a city of dreams. it's been the city of dreams since the trans conditional railroad ended and thousand of cabinets would arrive every week. it's become the city of dreams base it's the place that immigrants can afford to live and one-hundred plus languages are spoken here. in many ways this bridge was a dream of some people. and like most things in oakland it has not been easy. we have very difficult political and economic and other hurdles h that when we ail come tooth are not the results beautiful. isn't it really beautiful? so he texted the other mayor of oakland governor brown today and said we're sorry you're not here. for many of you who follow the fights he said he had an elegant
to be because the consumer confidence as far as the boating economy valued at $35 billion a year nationwide is as high as it has been since the great recession bottomed out for boat manufacturers in 2010. we are at the international boat show in fort lauderdale, largest boat show in the world and confidence is extremely high, lot of sales and deals will be happening this weekend. florida has 200 boat manufacturers, more than any other state and deep impact where they build three sizes of go fast boats, they tell me orders are so heavy if you order bonet now from them you can't get it delivered until into next year. demand is that good and their boats are called go best for a good reason. we went with them 72 miles an hour on biscayne bay which i highly recommend for anybody who has the opportunity. >> it is like business is booming, the excitement is that, people are getting confident about what is happening. two or three years ago wasn't happening. people like thinking of spending $400 on a boat, wasn't happening. >> or you can spend $40 million on a jumbo yacht made by westport on the pen
will be suffering the most and the worst. this debt drags on our economy today. it is a drag in economic growth for our economy today. right now we are not doing anything about it. can n't keep kicking the down the road anymore. we have to get a handle on the debt, and we have to get a hanled the on it now. from my speaker expective, just taking more from the american public is not the answer. we look at this conference as an argument if taxes, we're not to get anywhere. the way to raise revenue, from our perspective, is to grow the economy, to get people back to work. we need to write a tax code that oesn't stifle the economy. house republicans and democrats are doing -- are working together to do just that. focus our energy on a better budget. our goal is to grow family budgets . to do that, we need to get this economy growing. over 90 million americans are on the sidelines. many people have not had a job in six months. household income is down significantly. e may disagree as to why the economy isn't growing, but i hope we agree that the status quo is not acceptable. let's work together to p
's prospective in relationship to continue to build our economy i want to introduce the mayor of the great city and county of san francisco. mayor ed lee (clapping) >> thank you. thank you for that introduction and good morning, everyone. i know you've gotten a lot of statistics their not only interesting and accurate but very guiding for what we need to do. thank you greg costco and bob and all of the members of san francisco chamber of commerce for extending this invitation and it's great to see a lot of the officials and the department heads to make sure and insure our cities skews. before i get started i want to take another moment to acknowledge and thank the men and women who over the past several weeks fought california's third largest wildfire the rim fire up in yosemite. and among those fighters the fire was our san francisco firefighters who stood alongside other fire department's across the country navigate over 5 thousand people fighting the fire. and, of course, the staff and crews of the public utilities commission helped and that helped and water industry. i'm proud of their wor
. particularly as the economy grows, we want our students to participate. i hope we can include more partners because we all know how important this is and we look to have an update at the end of the school year at the midway point next year. all right? seeing no further comments, meeting is adjourned. [ meeting is adjourned ]out. >> hi, i'm japanese with the san francisco public utilities combination sometime people call me sewer girl our systems has served the area for 1 hundred and 50 years we're planning you understand public health and our environment don't think that so come in down and see howhalftim >> we have a quorum. we shall proceed to item no. 3, approval of the minutes. is there a motion? >> i will move approval. >> moved and seconded. >> seconded. >> second, public comments? on the minutes? all right there being none, all those in favor, signify by saying aye? >> aye. >> opposed? motion is carried. public comment, item no. 4 on our agenda. mr. decosta >> thank you >> thank you. yes, sir. commissioners, today i want to briefly speak about. >> you wanted to wait until i
economy. >> food stamps are a hotly contested issue in the farm bill, a source of controversy since created 75 years ago in the shadow of the great depression. the first food stamp program was a way to brim the gap between struggling city dwellers. participants received stamps to buy the surplus food. president kennedy implemented the program. electronic benefit cards replaced it. officially called the supplementary nutritional issue or snap, it stands at record levels. 48 million americans used them at a cost of $78 million, an average $133 per month. eligibility depends on income level. no alcohol, cigarettes or hot food. what they do supply is an overall boost to the any. >> for every dloor spent through today stamps you generated $0.75 in the rest of the economy of. of all the things lawmakers could do, one like now when unemployment is high, nothing is more or has a bigger bang for the buck than the food stamps. >> united states secretary of agriculture says the cuts affect for man programmed resip yets. farmers receive some of the money. >> economists say grocery stoors, food
for the world's biggest economy but after the damaging government shutdown and some disappointing jobs numbers recently, the economy looks substantially weaker than it did before. the fed is expected to maintain its policy of record low interest rates and delay the reduction of that big bazooka, that massive stimulus program, $85 billion every month pumped into the economy and expected to keep that going at least until 2014 following the u.s. government debt crisis. the end of the u.s. stimulus would have global ramifications. the threat of so-called tapering has already impacted emerging- market currencies. the indian rupee has taken a bit of a battering. not a jam.am less of sugar in it. the government plans to reduce the sugar content of british jam. they say it will lead to the end of the british breakfast as the country knows it. we have implemented that manufacturers could introduce running your spreads with reduced sugar content similar to those sold in germany. a liberal democrat mp says they will be dull in color and will not taste as good or last as long. ministers say the regulatio
serious damage. but the reality is they dramatically jeopardized our economy, they broke government even worse than people think it already is and we've got to get it back on track. the highway or the highway poll tikdzs has to stop. >> jon: this is the student i speak of. >> exactly. >> jon: they're behavior over the last couple of years has been somewhat n.i.h. ilistic. that being seed how do the democrats seize that mantle of confidence and those sorts of things? >> i hope when people read my book that they treat it as a road map for how they can get engaged well. he need real foam sound an alarm bell. politician allowed home itselves to be strangled by the tea party. the tail is wagging the dog. >> jon: you think you were going to say we need real people i thought they were robots. >> they have robotic like tendencies. it can't always be my way. you have to reach across the aisle and work together. we need moms to get involved whether it's education or health care or immigration reform or the economy. and choose the issue that they care about the most. and try to include and get invo
the government to handle one- sixth of the economy when there is this type of staggering incompetence on the roll out. >> the problem that marsha blackburn wondering about the affect on the economy the longer it goes on. good day to you, melissa. how much does it hurt if we go over months of this and young people just simply refuse to sign up? >> it hurts a lot. this is one of the key groups that will have to pay for the plan. they are young healthy young people and go on and buy insurance and pay in and get nothing out. they are thought, they don't need insurance now and health care. so we need those people to sign up to pay for the rest. they are people in the 20s and 30s who are used to going on the iphone and purchasing something on amazon in a click of a finger. you heard people trying 20 different times and not able to enroll and someone created an account in the first day and hasn't been able to log back in. they are likely to sit on the sidelines as long as they possibly can and either pay the fine or not sign up. >> we hear it all of the time. young people have to buy n. if they don't bu
and certainly, the economy is a wet blanket that is hanging over everything. but again, the health care news is big news, not only the website, but the stories of people dropped off with their policy and wills people who are experiencing rate shock and sticker shock, they are part of the mix and one of the primary drivers of the decline in the job approval rating. >> got. it tom bevins thank you for the analysis. >>> minutes from now president obama will deliver remarks about a plan to jump-start the job creation following the numbers in september that found only 145,000 jobs. bill? >> reporter: the president will have comments to attract foreign businesses to the city and states. the president created the program and wants to expand it in an all hands on deck effort at job creation. right now ten countries account for 80 percent of the foreign investment that creates five and half million jobs. the administration would like to increase that number. and the folks suggest that it will not require much spending but there is a study that suggest that one of the obama administration job creatin
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